Toronto-based Manulife Investments, a division of Manulife Asset Management Ltd., has announced on Thursday that securityholders have given their approval on certain fund updates.

Specifically, five mergers will occur on April 20 and another seven on May 25.

The firm had planned to merge Manulife Canadian Dividend Growth Class, Manulife Tactical Income Fund and Manulife U.S. Dividend Income Class with other funds but withdrew the proposal prior to a special meeting of securityholders.

Lastly, the following funds have been approved for an investment objective change as of April 6:

  • Manulife Dividend Income Private Pool
  • Manulife Dividend Income Fund
  • Manulife Dividend Income Class
  • Manulife Canadian Focused Fund
  • Manulife Canadian Focused Class
  • Manulife Money Market Private Trust
  • Manulife Canadian Bond Plus Fund
  • Manulife Dollar-Cost Averaging Fund

An entire list of affected funds is available on the firm’s news release.